Elo Mutual Pension Insurance Co Purchases 4,240 Shares of Northern Trust Co. (NASDAQ:NTRS)

Elo Mutual Pension Insurance Co boosted its position in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 23.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,413 shares of the asset manager's stock after buying an additional 4,240 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Northern Trust were worth $2,297,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NTRS. KBC Group NV boosted its stake in Northern Trust by 201.6% during the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager's stock valued at $98,791,000 after purchasing an additional 644,261 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Northern Trust by 9.9% in the third quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager's stock worth $386,809,000 after acquiring an additional 388,692 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Northern Trust by 62.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 678,461 shares of the asset manager's stock worth $69,542,000 after acquiring an additional 261,797 shares during the period. Teacher Retirement System of Texas raised its stake in Northern Trust by 49.2% during the 4th quarter. Teacher Retirement System of Texas now owns 359,304 shares of the asset manager's stock valued at $36,829,000 after purchasing an additional 118,544 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new stake in Northern Trust in the 3rd quarter worth $7,682,000. Institutional investors own 83.19% of the company's stock.

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Insider Transactions at Northern Trust

In related news, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the completion of the sale, the insider now directly owns 58,449 shares of the company's stock, valued at $6,585,448.83. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now directly owns 17,236 shares in the company, valued at $1,918,883.88. The trade was a 11.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock worth $3,970,211 in the last quarter. 0.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NTRS shares. Barclays upped their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Morgan Stanley decreased their price objective on Northern Trust from $138.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. UBS Group upped their target price on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. StockNews.com lowered shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI lowered their price objective on Northern Trust from $113.00 to $104.00 and set an "in-line" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Northern Trust presently has a consensus rating of "Hold" and a consensus price target of $113.54.

Northern Trust Price Performance

Shares of NASDAQ NTRS traded down $0.70 during trading on Tuesday, reaching $97.95. The company had a trading volume of 1,275,479 shares, compared to its average volume of 1,230,883. Northern Trust Co. has a 52 week low of $79.32 and a 52 week high of $114.67. The business's 50 day moving average price is $106.88 and its 200-day moving average price is $103.07. The stock has a market cap of $19.17 billion, a PE ratio of 10.02, a PEG ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Analysts expect that Northern Trust Co. will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust's dividend payout ratio (DPR) is presently 30.67%.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.